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Homes for cash

Posted on 7/24/16 at 7:39 pm
Posted by Weekend Warrior79
Member since Aug 2014
17365 posts
Posted on 7/24/16 at 7:39 pm
Anyone deal with these Home for Cash companies? I have an investment condo that I want to dump in Metairie, I have been unsuccessful with the last 3 realtors.

Any thoughts?

Sorry if Germans, did not see on the first few pages.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7269 posts
Posted on 7/24/16 at 8:11 pm to
They generally offer you like 70% of value at most. If you really need to sell it, just drop the price to 80% of appraised value, and it would likely sell.
Posted by TigerDeBaiter
Member since Dec 2010
10351 posts
Posted on 7/24/16 at 8:16 pm to
See what they offer if your are curious.

I can almost guarantee that you aren't going to like it though.

Perhaps you think your condo is worth more than it is? Have the three realtors been determining the asking prices or has that been directed by yourself? Not trying to be accusatory, but some more facts might help determine why the property isn't selling.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 7/24/16 at 8:25 pm to
Why dont you just owner finance it. Its better than selling it if its so undesirable. You can charge more money, charge a higher than normal interest rate, and make money for years on it, and way more than you would selling it now. I plan on owner financing my portfolio of dogshite real estate when its time to retire.
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